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Begin part 3 of 3
THE PLAYS
Good movers: BMD; ESLR; LCAV; LSTR; MPWR; RBAK; SAY; TRAD; VRTX
Thursday night play results:
CPKI: Still a nice pattern forming up as it uses the 10 day EMA as support.
VAS: Very nice pullback continues.
PSUN: Nice test of the 10 day EMA, setting up the breakout.
Upside:
Play Date: 11/12/2005
CLE (Claires Stores--$27.64; -0.01; optionable): Apparel stores.
http://biz.yahoo.com/p/c/cle.html
STATUS: Breakout test. CLE broke out early this month, gapping higher on strong same store sales. The move took CLE out of an 11 month base, the last part of that base forming a double bottom with handle. Excellent breakout followed by a test last week on low volume, coming back to the 10 day EMA (27.25). Looks ready to hold that near support and continue the move, following strong money flow higher. Relative strength broke out on the move, a very good indication of the stock's strength and ability to continue higher. Ready to move in when volume kicks back up and it breaks to a new all-time high.
Volume: 489.7K Avg Volume: 580.341K
BUY POINT: $28.22 Volume=750K Target=$32.95 Stop=$27.11
POSITION: CLE BE - Feb. $25c (72 delta) &/or Stock
http://www.investmenthouse.com/cd/cle.html
Play Date: 11/12/2005
GLG (Glamis Gold--$22.03; +0.93; optionable): Gold mining
http://biz.yahoo.com/p/g/glg.html
After Hours: $22.05
STATUS: Reverse head and shoulders. GLG has formed this short 8 week base as the handle to a larger 13 month cup with handle. The pattern is setting up a breakout to a new all time high, and it is a very nice base at that, using the 50 day EMA (20.48) as support, an important institutional support level. Good price move Friday on rising though still below average volume takes it right up to the breakout point. Looking to enter as it clears the base on a good shot of volume.
Volume: 872.2K Avg Volume: 942.83K
BUY POINT: $22.55 Volume=1.4M Target=$26.95 Stop=$20.97
POSITION: GLG BX - Feb. $22.50c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/glg.html
Play Date: 11/12/2005
HCSG (Healthcare Services Group--$19.74; +0.16; no options): Housekeeping, laundry, linen, facility maintenance, etc.
http://biz.yahoo.com/p/h/hcsg.html
STATUS: Cup w/handle. HCSG is working on a handle to a 17 week base that formed using the 200 day SMA (17.52) as support. Nice run to this point, it needed this base to take a breather and set up for the next run higher. Solid fundamentals to go along with its very nice technical pattern. Needs to show us some strong volume on the breakout move.
Volume: 61.98K Avg Volume: 181.926K
BUY POINT: $19.95 Volume=300K Target=$23.95 Stop=$19.05
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/hcsg.html
Play Date: 11/12/2005
PWAV (Powerwave Technologies--$12.86; +0.16; optionable): Telecom equipment
http://biz.yahoo.com/p/p/pwav.html
After Hours: $12.86
STATUS: Breakout test. PWAV gapped higher a week back, moving out of a 6 week double bottom base. It rallied to 3.5 year high on volume and then faded back last week lon lower trade to test the move. Thursday it tapped at the 10 day EMA (12.47) on the intraday low and rebounded on strong, above average volume. Excellent 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price weeks on rising volume) and surging money flow are setting the stage for another run higher. Another top rated stock in fundamentals and technical pattern.
Volume: 1.276M Avg Volume: 2.333M
BUY POINT: $13.22 Volume=3.5M Target=$15.88 Stop=$12.32
POSITION: VFQ BV - Feb. $12.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/pwav.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, CELG, BR, COH, NVDA, PSYS, RTSX, STN, UNH
CELG: Continues the low volume test of the 10 day EMA. A break over 60 on stronger volume is our entry point.
NVDA: Still holding at the 10 day EMA after the strong earnings gapped it higher but could not hold the move.
RTSX: Super move on strong volume.
STN: Took a breather on the move off the 200 day SMA after forming the double bottom. Can take some aggressive positions on a move over 69.45.
SUBSCRIBER WATCHLIST
We continually receive ideas for potential plays from subscribers. Many times they are already on our watchlists, other times not. We always take a look and sometimes find a gem or two, or more. We don't necessarily endorse these, but want to provide a forum for subscribers with ideas that may appeal to other subscribers. We may just put on the ticker or we might describe our thoughts as to why or why not we think it is a buy or sell. This is a way we can all learn a bit more and maybe find a few more candidates to make us some good money.
BBBY: A former retail leader, BBBY is forming a handle to a 16 week double bottom base. It has moved basically laterally for 2.5 years. Money flow is surging higher and if BBBY shows a good volume break higher.
Good Investing!
Jon L. Johnson and The Daily Staff
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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